Turtle Creek Wealth Advisors LLC Makes New $333,000 Investment in Arista Networks, Inc. $ANET

Key Points

• Turtle Creek Wealth Advisors LLC has made a new investment in Arista Networks, purchasing 3,252 shares valued at approximately $333,000.
• Arista Networks reported quarterly earnings of $0.73 per share, exceeding expectations and reflecting a 30.4% year-over-year revenue increase.
• Insider activity shows significant selling, with CEO Jayshree Ullal selling over 1.7 million shares for approximately $243 million, reducing her ownership in the company.

Turtle Creek Wealth Advisors LLC purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,252 shares of the technology company's stock, valued at approximately $333,000.

Other institutional investors have also recently made changes to their positions in the company. HighMark Wealth Management LLC increased its holdings in shares of Arista Networks by 179.7% during the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock valued at $28,000 after purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new position in shares of Arista Networks during the 1st quarter valued at approximately $30,000. Saudi Central Bank purchased a new position in shares of Arista Networks during the 1st quarter valued at approximately $33,000. REAP Financial Group LLC increased its holdings in shares of Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock valued at $34,000 after purchasing an additional 175 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its holdings in shares of Arista Networks by 45.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 455 shares of the technology company's stock valued at $35,000 after purchasing an additional 143 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Up 1.8%

Shares of NYSE ANET opened at $145.90 on Friday. The firm has a 50-day simple moving average of $142.03 and a 200-day simple moving average of $110.49. The stock has a market capitalization of $183.38 billion, a price-to-earnings ratio of 57.38, a price-to-earnings-growth ratio of 2.99 and a beta of 1.47. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $162.68.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company's revenue for the quarter was up 30.4% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Ratings Changes

ANET has been the subject of several recent research reports. Needham & Company LLC lifted their target price on shares of Arista Networks from $155.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Wolfe Research lifted their target price on shares of Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a report on Friday, September 12th. The Goldman Sachs Group upped their price objective on shares of Arista Networks from $155.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. UBS Group upped their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, BNP Paribas upgraded shares of Arista Networks from a "hold" rating to an "outperform" rating in a research report on Thursday, September 25th. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.94.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer directly owned 5,698,074 shares of the company's stock, valued at approximately $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 6,622,904 shares of company stock valued at $887,794,521 over the last quarter. Company insiders own 3.39% of the company's stock.

Arista Networks Company Profile

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

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